Questions to know

Posted by Ian Smith | Aug 27, 2020 | 0 Comments

Here are the common questions and procedure the US Trustee will ask of a debtor in the creditors meeting.

  1. State your full name.
  2. Is the address on the petition your current address?
  3. Did you read and understand the Bankruptcy Information Sheet you filed with the Court?
  4. Did you sign the petition, schedules, statements, and related documents which were filed with the Court and is the signature on the Original of each your own signature?
  5. Did you read those documents before you signed them?
  6. Are you personally familiar now with the information you put in those documents?
  7. Are there any errors or omissions in them to bring to my attention?
  8. Did you list in them all your assets?
  9. Did you list in them all of your debts/creditors?
  10. Are there transfers made by you in the two years before filing bankruptcy that are not listed in the bankruptcy documents?
  11. To the best of your knowledge, is the information you gave to the Court in those documents truthful and complete?
  12. Have you ever filed another bankruptcy?
  13. Who is your employer and what is the address?
  14. Is the copy of the tax return you provided me a true copy of the most recent tax return you filed with the tax authorities?
  15. Do you have a domestic support obligations and to whom?
  16. Where do you bank and what other financial accounts like Charles Schwab, Robinhood, PayPal, Venmo, Coinbase or pre-paid debit cards do you have?
  17. Has any of your money been in any other person's account in the last six months?
  18. How much rent/mortgage do you pay and to whom is it paid?
  19. What car do you drive?
  20. Will you timely complete your stated intention to surrender, redeem, or reaffirm property that is security for a debt?

***It is important to live by the following when you are claiming bankruptcy, "Disclose everything!" If a Trustee finds that a debtor has hid assets from the trustee in the bankruptcy proceeding the debtor can be charged with fraud. A fraud charge in bankruptcy can land you in jail for up to 25 years and/or a massive $250,000.00 fine. If you can't answer all these questions truthfully then you are playing with fire. If you have questions about any of these questions please contact the Smith Law Firm LLC today to discuss your concerns.

About the Author

Ian Smith

Ian Smith was born and raised in Jackson, Wyoming. His parents were NOLS instructors so his childhood was filled with outdoor adventuring across beautiful Wyoming. He spends his free time in the outdoors; fishing, hunting with his father, skiing, mountain biking, and camping. Ian spent his twentie...

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